It really is true that Mom knows best.
When stay-at-home mom Lisa Campbell was developing her concept for a safe, clean indoor playground in 2008, she encountered a lot of resistance from bankers, town officials and business professionals. Campbell sought the advice of SCORE and mentor Randy Roody after her bank rejected her initial application for a loan.
But thanks to her vision, perseverance and three years of planning alongside her SCORE mentor, her dream came true in the form of Nuthin’ But Good Times, a Caribbean-island-style indoor play area complete with play equipment, mazes and tunnels, in Merrimack, New Hampshire.
Campbell found a workshop called “Starting Your Own Business” at SCORE’s Southern New Hampshire chapter to be helpful in getting her idea off the ground. She also used several SCORE templates, including a cash-flow projection sheet, to help create and guide her business plan.
From 2008 through the business opening in 2011, Lisa and SCORE mentor, Randy Roody, met regularly. They fleshed fleshing out the concept for the business and worked on everything from preparing a business plan to developing budgets and projecting cash flow, all while designing the actual play structures and looking for the right location.
It was a thorough and smart business plan that eventually convinced the bank her idea had potential, thus securing the loan she needed to get the ball rolling.